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"Fact". Who really wants to acquire the Teghut mine?

"Fact" daily writes:

"According to our information, the Gefest Mining company has submitted an application for the purchase of Teghut CJSC shares and the right to further exploit the mine. Let us remind you that the Teghut copper-molybdenum mine is interconnected with VTB Bank, which has been facing problems since 2022 due to the sanctions applied against Russia. was standing and intends to sell the mine. For the same reason, the export from the Teghut mine, as well as the production, is somewhat limited. was.

According to that, the significant restriction of export to large markets led to a severe partial exploitation of the mine, which caused serious damage both to the local population, as more than 1000 people worked here, and to the state budget as a whole " to the company, then our research showed that we are talking about an organization registered in Kazakhstan, moreover, it was registered only one and a half months ago, in 2024. on October 22.

One of the two shareholders of the company, the company "CUPRUM MINERALS MANAGEMENT" was established on October 17. One of the last two natural person shareholders is Nurlan Kusainov, who has no experience in the field of mining, and is a public official in the Republic of Kazakhstan.

Alexey Utkin, the second shareholder of "CUPRUM MINERALS MANAGEMENT" and "Gefest Mining" has no experience in the mining industry either. The analysis made on the basis of the materials extracted from the state registers of the Republic of Kazakhstan does not substantiate both the experience and the financial capabilities of Mr. Utkin and Kusainov. to acquire and operate a mining asset distinguished by its cost and management complexity.

Accordingly, there are reasonable suspicions that they are not the real final beneficiaries in this case. In fact, according to our information, the real beneficiaries have set a problem to circumvent Western sanctions, which "Fact" will address in the near future.

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